Ethereum Is About to Boom

First, we were reminded that digital currency is volatile — sometimes painfully so.

We observed this volatility as Ethereum struggled to nose its way above the $90 mark. It fell below $90 after multiple currency exchange attacks.

As Ethereum struggled, its peer Bitcoin skyrocketed. This brings us to the second lesson.

When one digital currency suffers, others surge.

Bitcoin acts as a safety net to digital currency investors. As the grandfather in the cryptocurrency family, Bitcoin seems like a safe buy.

When Ethereum’s price started to wobble, investors went running back to Bitcoin.

This flighty behavior is not a good thing. You lose profits when you lunge between coins.

Which is why we should enter the weekend with these lessons in mind.

Ethereum is about to go up.

Multiple events are taking place in the digital currency world that indicate this. And Ethereum's rise may have an effect on other currencies — including Bitcoin, which is hovering around $1,875 as I type this.

Upcoming Ethereum Events

May 22nd kicks off the Consensus Blockchain Conference. This conference goes for two days and features workshops that educate attendees on the benefits of blockchain technology.

Without argument, Ethereum will be the star of the event. It has become the darling of many companies that are trying to improve their networks.

This is probably why the guest list is so impressive:

ABN AMRO

Ad Meliora

Accenture

Allen & Overy

A.T. Kearney

Berger Singerman LLP

B2C2

BNY Mellon

Bloomberg

Broadridge Financial Solutions

BroadRiver

Capital One

Citigroup

CME Group

Cognizant

Cooley LLP

Covington & Burling LLP

Crowell & Moring LLP

Davis Polk & Wardwell LLP

Deloitte

DTCC

Equifax

EY

Fundserv

Friedman LLP

Goodwin LLP

Guardian Life Insurance

Hitachi Solutions

Hogan Lovells US LLP

Holland & Knight LLP

IBM

Infosys

LG Electronics

Medici Ventures

Microsoft

Nasdaq

New York Life

Penn Mutual Life Insurance

Perkins Coie LLP

PwC

Procter & Gamble

Prudential Retirement

Rakuten

S&P Global

SAP

Scotiabank

Siemens

Shanghai Clearing House

Silvergate Bank

Standard Chartered Bank

State Farm

Sullivan & Cromwell LLP

Swirlds

Swiss Re

Synechron

Thomson Reuters

USAA

Vanguard

Western Union

And more...

With all of these companies coming to see Ethereum, we can expect a surge in interest. Ethereum will finally get some pampering after having a rough week.

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Watch Your Bitcoin and Other Digital Currencies

As these events get underway, Ethereum is going to have some fuel pumped into its engine. And investors that held through the rough patch will be pleased.

Bitcoin and Litecoin may take a hit as investors sell off coins to buy back Ethereum. Of course, no one can be 100% certain of how investors will behave. But the past week made a strong case for coin jumping.

Bitcoin and its peers may feel Ethereum's rise as investors switch focus.

Editor's Note: A lot of people ask questions in our comments section below. Feel free to tweet me at @AlexandraPerryC with questions or topics you would like addressed. I will try to supply you with timely information on article inquiries. Best of luck with your investments.

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